教師資料查詢 | 類別: 期刊論文 | 教師: 王貞靜 CHEN-CHIN WANG (瀏覽個人網頁)

標題:以C-Score衡量會計穩健性在台灣的適用性
學年101
學期1
出版(發表)日期2012/12/01
作品名稱以C-Score衡量會計穩健性在台灣的適用性
作品名稱(其他語言)
著者王貞靜; 潘虹華; 戚務君
單位淡江大學會計學系
出版者臺北市臺灣會計教育基金會
著錄名稱、卷期、頁數會計審計論叢=Review of Accounting and Auditing Studies 2(2)頁1-31
摘要為解決Basu (1997)模型無法衡量個別公司跨年度的條件穩健性程度,Khan and Watts(2009)建構了一套得以估計跨公司與跨期間的會計穩健性估計式(以下簡稱為C-Score)。為提供該估計式於臺灣適用性的證據,本文首先依循Khan and Watts(2009)的驗證程序,實證C-Score在臺灣與其他穩健指標具有共同性;接著利用C-Score再驗證LaFond and Watts(2008)之主張穩健會計具有減緩企業資訊不對稱的效果,在臺灣同樣亦具有該功能與角色。最後,我們發現C-Score與企業債務資金成本呈現負向的關聯性。整體而言,本文提供臺灣證據支持C-Score的跨國適用性,並提供如何應用該估計值的實證分析。;To overcome a limitation of Basu's model (1997), with which researchers cannot examine the cross-sectional variation of asymmetric timeliness of earnings among firms, Khan and Watts (2009) estimate C-Score, which is a firm-year measure of conservative accounting, for Iisted firms in the U.S. Because the applicability of C-Score to non-U .S. firms has not been established, the first aim of the present paper is therefore to validate the application of C-Score to Taiwan companies. Second, using the measure, we confirm the theory that accounting conservatism can alleviate the problems of information asymmetry, using a more parsimonious model than the complex Basu-based method used in LaFond and Watts (2008). In addition, we use C-Score to show that conservative accounting decreases the cost of private debt. In sum, using Taiwan data, this paper replicates Khan and Watts by proving the applicability of C-Score, reproduces the findings of LaFond and Watts with a much more parsimonious model, and generates a novel application of C-Score.
關鍵字盈餘穩健性; 資訊不對稱; 銀行新增貸款利率;Accounting conservatism; lnformation asymmetry; Bank loan pricing
語言中文
ISSN2221-9374
期刊性質國內
收錄於
產學合作
通訊作者王貞靜
審稿制度
國別中華民國
公開徵稿
出版型式紙本
相關連結
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